Renovated 107-Unit Apartment
1300 S Adelaide St Terrell, TX 75160
1300 S Adelaide St, Terrell, TX, 75160
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For Sale
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107-unit Terrell apartment community with recent capital improvements, including HVAC conversions and roof replacement.
Days on Market48
Property Features for 1300 S Adelaide St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Dallas Office
(972) 755-5275
Listed by
Matt Aslan · License #License(s): TX: 679950
(972) 755-5275
Source
Marcusmillichap
Added: Jun 5 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 2:57AM
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Investment Insights
Based on property information with market context.
Adelaide is a 107-unit apartment community at 1300 S Adelaide St in Terrell, Texas. Recent ownership investment of approximately $2.27 million has been directed toward a full roof replacement, conversion from a chiller system to individual HVAC units, interior upgrades, parking lot improvements, and exterior enhancements.
The property offers a highly desirable mix of homes, with approximately 65% of units featuring two-, three-, and four-bedroom floor plans suited to households seeking more space. The community is positioned with convenient access to Interstate 20 and U.S. Highway 80, along with nearby major employers, retail amenities, and Dallas-area employment centers in Kaufman County.
For buyers or operators, Adelaide presents a ready-to-continue renovation program, with management indicating the option to extend the improvements across the remaining classic units. The unit mix supports long-term tenant appeal, and an additional water conservation initiative is referenced as a path to further utility savings.
The property offers a highly desirable mix of homes, with approximately 65% of units featuring two-, three-, and four-bedroom floor plans suited to households seeking more space. The community is positioned with convenient access to Interstate 20 and U.S. Highway 80, along with nearby major employers, retail amenities, and Dallas-area employment centers in Kaufman County.
For buyers or operators, Adelaide presents a ready-to-continue renovation program, with management indicating the option to extend the improvements across the remaining classic units. The unit mix supports long-term tenant appeal, and an additional water conservation initiative is referenced as a path to further utility savings.
Key Highlights
- 107‑unit apartment community in Terrell, Texas
- Approximately $2.27M in recent capital improvements, including a full roof replacement
- Converted from a chiller system to individual HVAC units and completed interior upgrades
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FAQs
What type of property is this?
Apartment building - 107-unit Terrell apartment community with recent capital improvements, including HVAC conversions and roof replacement.
Where is this apartment building located?
The property is located at 1300 S Adelaide St Terrell, TX.
What are key features of this property?
This property features: 107‑unit apartment community in Terrell, Texas; Approximately $2.27M in recent capital improvements, including a full roof replacement; Converted from a chiller system to individual HVAC units and completed interior upgrades
